Delinquent Interest Rate for Insurance Premium and Retaliatory Taxes

PURPOSE: This rule provides guidance as to the interest rate applicable to delinquent insurance premium and retaliatory taxes. (1) The delinquent interest computations for all quarterly payments which are due under sections 148.310–148.461, RSMo will be calculated at a rate determined by section 32.065, RSMo as provided by section 148.375, RSMo and set out in 12 CSR 1041.010. The delinquent rate will be computed for each month the payment is late, or fraction of a month, until the time the tax liability is paid in full. (2) Claims for refunds must be filed within two (2) years from the date of payment in accordance with section 136.035, RSMo (refund statute) on forms prescribed by the director of revenue. AUTHORITY: section 136.120, RSMo 2016.* Emergency rule filed Oct. 17, 1985, effective Oct. 27, 1985, expired Feb. 24, 1986. Original rule filed Oct. 17, 1985, effective Jan. 26, 1986. Amended: Filed Oct. 2, 2018, effective April 30, 2019. *Original authority: 136.120, RSMo 1945.